Perkins Rowe heads to auction block

BATON ROUGE, LA (WAFB) - The Perkins Rowe development will be on the auction block in a little over a month's time.

Officials say the minimum bid is at least $63.5 million.

Key Bank National Association filed its foreclosure in July 2009 because Perkins Rowe still owed $170 million in construction loans.

The auction is set for March 20 at the US District Courthouse in Baton Rouge.

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